Thursday links: messy people run businesses too

StrategyWhy stocks can fall for no obvious reason. (morningstar.com)Your choice of language, and graphs, greatly affect how you think about investing. (portfoliocharts.com)Tim Harford, "Betting on the future can protect us from risk, and it can make us smarter about risk too. But it can also corrode and corrupt." (timharford.com)Charles SchwabCharles Schwab ($SCHW) has launched spot Bitcoin and Ethereum trading to select retail clients. (theblock.co)How Charles Schwab ($SCHW) plans to use AI to service clients. (wealthmanagement.com)IPOsThe IPO pop is back. Cerebras ($CRBS) opens at a big premium. (cnbc.com)Index rule changes show we live in a new world. (axios.com)Barry Ritholtz talks with Dave Nadig about the SpaceX IPO and its effect on market indices. (ritholtz.com)FinanceThere is a bull market in space-themed ETFs. (etf.com)When do BDCs becoming 'screaming bargains'? (institutionalinvestor.com)How real is the NYC-to-Miami finance exodus? (ft.com)The SDNY is essentially giving wh